Thioglycolate Market - By Raw Material (Calcium Thioglycolate, Potassium Thioglycolate, Ammonium Thioglycolate, Sodium Thioglycolate), By Function (Reducing Agent, Complexing Agent), By Application & Forecast, 2023 - 2032

Thioglycolate Market - By Raw Material (Calcium Thioglycolate, Potassium Thioglycolate, Ammonium Thioglycolate, Sodium Thioglycolate), By Function (Reducing Agent, Complexing Agent), By Application & Forecast, 2023 - 2032


Global Thioglycolate Market share will expand at 3.2% between 2023 and 2032, driven by the noticeable expansion of the cosmetics industry. According to Cosmetics Europe- the personal care association, in 2022, the cosmetics and personal care industry in Europe boasted a total market value of €88 billion at the retail sales price. Among the European nations, the leading markets for these products include Germany (€14.3 billion), France (€12.9 billion), Italy (€11.5 billion), the UK (€10.5 billion), Spain (€9.3 billion), and Poland (€4.5 billion).

Thioglycolic acid and its derivatives are key ingredients in several hair removal and hair treatment products, like depilatory creams and perms. As the demand for such cosmetic products continues to rise, the need for thioglycolate increases, presenting a significant growth opportunity for the Thioglycolate industry in response to the cosmetics industry's expansion.

The overall Thioglycolate market is categorized based on type, function, application, and region.

Potassium thioglycolate industry will record a healthy CAGR between 2023 and 2032 due to the widespread use of potassium thioglycolate in depilatory creams and lotions. It is a crucial ingredient for effectively breaking down and dissolving hair proteins, allowing for painless hair removal. As the beauty and personal care industry continues to grow, the demand for products that offer smooth and hassle-free hair removal also increases, contributing to the elevated demand for potassium thioglycolate in the market.

The complexing agent segment could dominate the thioglycolate market share by 2032. The adoption of thioglycolate as a complexing agent is promoted by its exceptional ability to form stable complexes with various metal ions. This property is valuable in several industries, including textiles, photography, and water treatment, where controlling the reactivity of metal ions is essential. Thioglycolate's versatility and effectiveness in chelation processes make it a preferred choice, driving its increasing adoption as a complexing agent across different applications.

Asia Pacific thioglycolate industry is experiencing robust growth due to several factors. Rising industrialization and increased manufacturing activities have driven the demand for chemicals like thioglycolate used in various applications, from cosmetics to textiles. Additionally, the expanding consumer base and a growing awareness of the benefits of thioglycolate in different sectors contribute to its surging popularity, leading to substantial market growth in Asia Pacific.


Chapter 1 Methodology & Scope
1.1 Industry coverage
1.2 Market scope & definition
1.3 Base estimates & calculations
1.3.1 Data collection
1.4 Forecast parameters
1.5 COVID-19 impact analysis at global level
1.6 Data validation
1.7 Data Sources
1.7.1 Primary
1.7.2 Secondary
1.7.2.1 Paid sources
1.7.2.2 Unpaid sources
Chapter 2 Executive Summary
2.1 Thioglycolate industry 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Type trends
2.4 Function trends
2.5 Application trends
2.6 Regional trends
Chapter 3 Thioglycolate Industry Insights
3.1 Industry ecosystem analysis
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.2 Industry pitfalls & challenges
3.3 Growth potential analysis
3.3.1 By type
3.3.2 By function
3.3.3 By application
3.4 COVID- 19 impact analysis
3.5 Regulatory landscape
3.5.1 U.S.
3.5.2 Europe
3.6 Pricing analysis, 2022
3.7 Technology landscape
3.7.1 Future market trends
3.8 Porter's analysis
3.9 PESTEL analysis
3.10 Impact of Russia Ukraine war
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Global company market share analysis, 2022
4.4 Competitive positioning matrix
4.5 Strategy dashboard
Chapter 5 Thioglycolate Market Size and Forecast, By Type 2018 - 2032
5.1 Calcium Thioglycolate
5.2 Potassium Thioglycolate
5.3 Ammonium Thioglycolate
5.4 Sodium Thioglycolate
5.5 Others
Chapter 6 Thioglycolate Market Size and Forecast, By Function 2018 - 2032
6.1 Reducing Agent
6.2 Complexing Agent
6.3 Others
Chapter 7 Thioglycolate Market Size and Forecast, By Application 2018 - 2032
7.1 Personal Care & Cosmetics
7.2 Chemical Processing
7.3 Pharmaceuticals
7.4 Textiles
7.5 Others
Chapter 8 Thioglycolate Market Size and Forecast, By Region 2018 - 2032
8.1 Key trends, by region
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 France
8.3.4 Spain
8.3.5 Italy
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 South Korea
8.4.6 Indonesia
8.4.7 Malaysia
8.5 Latin America
8.5.1 Brazil
8.5.2 Mexico
8.5.3 Argentina
8.6 MEA
8.6.1 South Africa
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
Chapter 9 Company Profiles
9.1 BASF SE
9.2 Akzo Nobel N.V.
9.3 Dow Inc.
9.4 Merck KGaA
9.5 Aarti Industries Limited
9.6 Bruno Bock Chemische Fabrik GmbH & Co. KG
9.7 Nippon Shokubai Co., Ltd.
9.8 Nacalai Tesque, Inc.
9.9 Jost Chemical Co.
9.10 Neostar United Industrial Co., Ltd.
9.11 BOC Sciences
9.12 GFS Chemicals, Inc.
9.13 All-Chemie, Ltd.
9.14 Haihang Industry Co., Ltd.
9.15 Reaxis Inc.
Data Tables
TABLE 1 Market revenue, by type (2022)
TABLE 2 Market revenue, by function (2022)
TABLE 3 Market revenue, by application (2022)
TABLE 4 Market revenue, by region (2022)
TABLE 5 Global thioglycolate market size, 2018 - 2032, (USD Million)
TABLE 6 Global thioglycolate market size, 2018 - 2032, (Kilo Tons)
TABLE 7 Global thioglycolate market size, by region, 2018 - 2032 (USD Million)
TABLE 8 Global thioglycolate market size, by region, 2018 - 2032 (Kilo Tons)
TABLE 9 Global thioglycolate market size, by type, 2018 - 2032 (USD Million)
TABLE 10 Global thioglycolate market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 11 Global thioglycolate market size, by function, 2018 - 2032 (USD Million)
TABLE 12 Global thioglycolate market size, by function, 2018 - 2032 (Kilo Tons)
TABLE 13 Global thioglycolate market size, by application, 2018 - 2032 (USD Million)
TABLE 14 Global thioglycolate market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 15 Industry impact forces
TABLE 16 North America thioglycolate market size, by country, 2018 - 2032 (USD Million)
TABLE 17 North America thioglycolate market size, by country, 2018 - 2032 (Kilo Tons)
TABLE 18 North America thioglycolate market size, by type, 2018 - 2032 (USD Million)
TABLE 19 North America thioglycolate market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 20 North America thioglycolate market size, by function, 2018 - 2032 (USD Million)
TABLE 21 North America thioglycolate market size, by function, 2018 - 2032 (Kilo Tons)
TABLE 22 North America thioglycolate market size, by application, 2018 - 2032 (USD Million)
TABLE 23 North America thioglycolate market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 24 U.S. thioglycolate market size, by type, 2018 - 2032 (USD Million)
TABLE 25 U.S. thioglycolate market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 26 U.S. thioglycolate market size, by function, 2018 - 2032 (USD Million)
TABLE 27 U.S. thioglycolate market size, by function, 2018 - 2032 (Kilo Tons)
TABLE 28 U.S. thioglycolate market size, by application, 2018 - 2032 (USD Million)
TABLE 29 U.S. thioglycolate market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 30 Canada thioglycolate market size, by type, 2018 - 2032 (USD Million)
TABLE 31 Canada thioglycolate market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 32 Canada thioglycolate market size, by function, 2018 - 2032 (USD Million)
TABLE 33 Canada thioglycolate market size, by function, 2018 - 2032 (Kilo Tons)
TABLE 34 Canada thioglycolate market size, by application, 2018 - 2032 (USD Million)
TABLE 35 Canada thioglycolate market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 36 Europe thioglycolate market size, by country, 2018 - 2032 (USD Million)
TABLE 37 Europe thioglycolate market size, by country, 2018 - 2032 (Kilo Tons)
TABLE 38 Europe thioglycolate market size, by type, 2018 - 2032 (USD Million)
TABLE 39 Europe thioglycolate market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 40 Europe thioglycolate market size, by function, 2018 - 2032 (USD Million)
TABLE 41 Europe thioglycolate market size, by function, 2018 - 2032 (Kilo Tons)
TABLE 42 Europe thioglycolate market size, by application, 2018 - 2032 (USD Million)
TABLE 43 Europe thioglycolate market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 44 Germany thioglycolate market size, by type, 2018 - 2032 (USD Million)
TABLE 45 Germany thioglycolate market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 46 Germany thioglycolate market size, by function, 2018 - 2032 (USD Million)
TABLE 47 Germany thioglycolate market size, by function, 2018 - 2032 (Kilo Tons)
TABLE 48 Germany thioglycolate market size, by application, 2018 - 2032 (USD Million)
TABLE 49 Germany thioglycolate market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 50 UK thioglycolate market size, by type, 2018 - 2032 (USD Million)
TABLE 51 UK thioglycolate market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 52 UK thioglycolate market size, by function, 2018 - 2032 (USD Million)
TABLE 53 UK thioglycolate market size, by function, 2018 - 2032 (Kilo Tons)
TABLE 54 UK thioglycolate market size, by application, 2018 - 2032 (USD Million)
TABLE 55 UK thioglycolate market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 56 France thioglycolate market size, by type, 2018 - 2032 (USD Million)
TABLE 57 France thioglycolate market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 58 France thioglycolate market size, by function, 2018 - 2032 (USD Million)
TABLE 59 France thioglycolate market size, by function, 2018 - 2032 (Kilo Tons)
TABLE 60 France thioglycolate market size, by application, 2018 - 2032 (USD Million)
TABLE 61 France thioglycolate market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 62 Spain thioglycolate market size, by type, 2018 - 2032 (USD Million)
TABLE 63 Spain thioglycolate market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 64 Spain thioglycolate market size, by function, 2018 - 2032 (USD Million)
TABLE 65 Spain thioglycolate market size, by function, 2018 - 2032 (Kilo Tons)
TABLE 66 Spain thioglycolate market size, by application, 2018 - 2032 (USD Million)
TABLE 67 Spain thioglycolate market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 68 Italy thioglycolate market size, by type, 2018 - 2032 (USD Million)
TABLE 69 Italy thioglycolate market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 70 Italy thioglycolate market size, by function, 2018 - 2032 (USD Million)
TABLE 71 Italy thioglycolate market size, by function, 2018 - 2032 (Kilo Tons)
TABLE 72 Italy thioglycolate market size, by application, 2018 - 2032 (USD Million)
TABLE 73 Italy thioglycolate market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 74 Asia Pacific thioglycolate market size, by country, 2018 - 2032 (USD Million)
TABLE 75 Asia Pacific thioglycolate market size, by country, 2018 - 2032 (Kilo Tons)
TABLE 76 Asia Pacific thioglycolate market size, by type, 2018 - 2032 (USD Million)
TABLE 77 Asia Pacific thioglycolate market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 78 Asia Pacific thioglycolate market size, by function, 2018 - 2032 (USD Million)
TABLE 79 Asia Pacific thioglycolate market size, by function, 2018 - 2032 (Kilo Tons)
TABLE 80 Asia Pacific thioglycolate market size, by application, 2018 - 2032 (USD Million)
TABLE 81 Asia Pacific thioglycolate market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 82 China thioglycolate market size, by type, 2018 - 2032 (USD Million)
TABLE 83 China thioglycolate market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 84 China thioglycolate market size, by function, 2018 - 2032 (USD Million)
TABLE 85 China thioglycolate market size, by function, 2018 - 2032 (Kilo Tons)
TABLE 86 China thioglycolate market size, by application, 2018 - 2032 (USD Million)
TABLE 87 China thioglycolate market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 88 Japan thioglycolate market size, by type, 2018 - 2032 (USD Million)
TABLE 89 Japan thioglycolate market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 90 Japan thioglycolate market size, by function, 2018 - 2032 (USD Million)
TABLE 91 Japan thioglycolate market size, by function, 2018 - 2032 (Kilo Tons)
TABLE 92 Japan thioglycolate market size, by application, 2018 - 2032 (USD Million)
TABLE 93 Japan thioglycolate market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 94 India thioglycolate market size, by type, 2018 - 2032 (USD Million)
TABLE 95 India thioglycolate market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 96 India thioglycolate market size, by function, 2018 - 2032 (USD Million)
TABLE 97 India thioglycolate market size, by function, 2018 - 2032 (Kilo Tons)
TABLE 98 India thioglycolate market size, by application, 2018 - 2032 (USD Million)
TABLE 99 India thioglycolate market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 100 Australia thioglycolate market size, by type, 2018 - 2032 (USD Million)
TABLE 101 Australia thioglycolate market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 102 Australia thioglycolate market size, by function, 2018 - 2032 (USD Million)
TABLE 103 Australia thioglycolate market size, by function, 2018 - 2032 (Kilo Tons)
TABLE 104 Australia thioglycolate market size, by application, 2018 - 2032 (USD Million)
TABLE 105 Australia thioglycolate market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 106 South Korea thioglycolate market size, by type, 2018 - 2032 (USD Million)
TABLE 107 South Korea thioglycolate market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 108 South Korea thioglycolate market size, by function, 2018 - 2032 (USD Million)
TABLE 109 South Korea thioglycolate market size, by function, 2018 - 2032 (Kilo Tons)
TABLE 110 South Korea thioglycolate market size, by application, 2018 - 2032 (USD Million)
TABLE 111 South Korea thioglycolate market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 112 Indonesia thioglycolate market size, by type, 2018 - 2032 (USD Million)
TABLE 113 Indonesia thioglycolate market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 114 Indonesia thioglycolate market size, by function, 2018 - 2032 (USD Million)
TABLE 115 Indonesia thioglycolate market size, by function, 2018 - 2032 (Kilo Tons)
TABLE 116 Indonesia thioglycolate market size, by application, 2018 - 2032 (USD Million)
TABLE 117 Indonesia thioglycolate market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 118 Malaysia thioglycolate market size, by type, 2018 - 2032 (USD Million)
TABLE 119 Malaysia thioglycolate market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 120 Malaysia thioglycolate market size, by function, 2018 - 2032 (USD Million)
TABLE 121 Malaysia thioglycolate market size, by function, 2018 - 2032 (Kilo Tons)
TABLE 122 Malaysia thioglycolate market size, by application, 2018 - 2032 (USD Million)
TABLE 123 Malaysia thioglycolate market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 124 Latin America thioglycolate market size, by country, 2018 - 2032 (USD Million)
TABLE 125 Latin America thioglycolate market size, by country, 2018 - 2032 (Kilo Tons)
TABLE 126 Latin America thioglycolate market size, by type, 2018 - 2032 (USD Million)
TABLE 127 Latin America thioglycolate market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 128 Latin America thioglycolate market size, by function, 2018 - 2032 (USD Million)
TABLE 129 Latin America thioglycolate market size, by function, 2018 - 2032 (Kilo Tons)
TABLE 130 Latin America thioglycolate market size, by application, 2018 - 2032 (USD Million)
TABLE 131 Latin America thioglycolate market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 132 Brazil thioglycolate market size, by type, 2018 - 2032 (USD Million)
TABLE 133 Brazil thioglycolate market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 134 Brazil thioglycolate market size, by function, 2018 - 2032 (USD Million)
TABLE 135 Brazil thioglycolate market size, by function, 2018 - 2032 (Kilo Tons)
TABLE 136 Brazil thioglycolate market size, by application, 2018 - 2032 (USD Million)
TABLE 137 Brazil thioglycolate market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 138 Mexico thioglycolate market size, by type, 2018 - 2032 (USD Million)
TABLE 139 Mexico thioglycolate market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 140 Mexico thioglycolate market size, by function, 2018 - 2032 (USD Million)
TABLE 141 Mexico thioglycolate market size, by function, 2018 - 2032 (Kilo Tons)
TABLE 142 Mexico thioglycolate market size, by application, 2018 - 2032 (USD Million)
TABLE 143 Mexico thioglycolate market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 144 Argentina thioglycolate market size, by type, 2018 - 2032 (USD Million)
TABLE 145 Argentina thioglycolate market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 146 Argentina thioglycolate market size, by function, 2018 - 2032 (USD Million)
TABLE 147 Argentina thioglycolate market size, by function, 2018 - 2032 (Kilo Tons)
TABLE 148 Argentina thioglycolate market size, by application, 2018 - 2032 (USD Million)
TABLE 149 Argentina thioglycolate market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 150 MEA thioglycolate market size, by country, 2018 - 2032 (USD Million)
TABLE 151 MEA thioglycolate market size, by country, 2018 - 2032 (Kilo Tons)
TABLE 152 MEA thioglycolate market size, by type, 2018 - 2032 (USD Million)
TABLE 153 MEA thioglycolate market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 154 MEA thioglycolate market size, by function, 2018 - 2032 (USD Million)
TABLE 155 MEA thioglycolate market size, by function, 2018 - 2032 (Kilo Tons)
TABLE 156 MEA thioglycolate market size, by application, 2018 - 2032 (USD Million)
TABLE 157 MEA thioglycolate market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 158 South Africa thioglycolate market size, by type, 2018 - 2032 (USD Million)
TABLE 159 South Africa thioglycolate market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 160 South Africa thioglycolate market size, by function, 2018 - 2032 (USD Million)
TABLE 161 South Africa thioglycolate market size, by function, 2018 - 2032 (Kilo Tons)
TABLE 162 South Africa thioglycolate market size, by application, 2018 - 2032 (USD Million)
TABLE 163 South Africa thioglycolate market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 164 Saudi Arabia thioglycolate market size, by type, 2018 - 2032 (USD Million)
TABLE 165 Saudi Arabia thioglycolate market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 166 Saudi Arabia thioglycolate market size, by function, 2018 - 2032 (USD Million)
TABLE 167 Saudi Arabia thioglycolate market size, by function, 2018 - 2032 (Kilo Tons)
TABLE 168 Saudi Arabia thioglycolate market size, by application, 2018 - 2032 (USD Million)
TABLE 169 Saudi Arabia thioglycolate market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 170 UAE thioglycolate market size, by type, 2018 - 2032 (USD Million)
TABLE 171 UAE thioglycolate market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 172 UAE thioglycolate market size, by function, 2018 - 2032 (USD Million)
TABLE 173 UAE thioglycolate market size, by function, 2018 - 2032 (Kilo Tons)
TABLE 174 UAE thioglycolate market size, by application, 2018 - 2032 (USD Million)
TABLE 175 UAE thioglycolate market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 176 Egypt thioglycolate market size, by type, 2018 - 2032 (USD Million)
TABLE 177 Egypt thioglycolate market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 178 Egypt thioglycolate market size, by function, 2018 - 2032 (USD Million)
TABLE 179 Egypt thioglycolate market size, by function, 2018 - 2032 (Kilo Tons)
TABLE 180 Egypt thioglycolate market size, by application, 2018 - 2032 (USD Million)
TABLE 181 Egypt thioglycolate market size, by application, 2018 - 2032 (Kilo Tons)
Charts & Figures
FIG. 1 Industry segmentation
FIG. 2 Market estimation and forecast methodology
FIG. 3 Breakdown of primary participants
FIG. 4 Thioglycolate industry, 360 degree synopsis, 2018 - 2032
FIG. 5 Industry landscape, 2018-2032 (USD Million)
FIG. 6 Growth potential analysis
FIG. 7 Porter's analysis
FIG. 8 PESTEL analysis
FIG. 9 Company matrix analysis, 2022
FIG. 10 Strategy dashboard, 2022

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings